The global corrugated boxes market size reached USD 163.07 billion in 2023 and is projected to hit around USD 269.19 billion by 2033, expanding at a CAGR of 5.14% during the forecast period from 2024 to 2033. Increasing trend towards sustainable packaging is significant factor anticipated to drive the growth of the corrugated boxes market over the forecast period.
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Key Highlights of 2023 APAC Leadership and Material Trends
- Asia Pacific led the global corrugated boxes market with the largest market share of 53% in 2023.
- North America is expected to grow at a significant rate in the market during the forecast period.
- By product type, the slotted boxes segment has contributed more than 52% of market share in 2023.
- By material type, the linerboard segment has recorded the biggest revenue share of 65% in 2023.
- By printing technology, the flexographic printing segment has held a major revenue share of 52% in 2023.
- By end use, the food & beverages segment accounted for the largest revenue share of 37% in 2023.
Market Overview
A corrugated box is a disposable container with three layers of material on its sides an outside layer, an inner layer, and a middle layer. When weighted materials are placed inside a corrugated box, the intermediate layer, which is fluted is designed in stiff, wave-shaped arches that act as supports and cushions. The process of aligning corrugated plastic or fiberboard (also known as corrugated cardboard) design elements with the functional, processing, and end-use requirements is known as corrugated box design. Packaging engineers strive to keep overall system costs under control while satisfying a box’s performance criteria.
Corrugated boxes are shipping containers with significant functional and financial implications that are used for transport packing. One common usage for corrugated boxes is as shipping containers. From product manufacture, to distribution, sale, and occasionally end-use, boxes must hold the product. While boxes can protect products to some extent on their own, they frequently need inside elements like blocking, bracing, and cushioning to help shield delicate contents. The specific logistics system in use determines a lot of the shipping risks.
Corrugated boxes vary in their qualities, applications, and strengths. To create corrugated packaging boxes, the corrugated sheets are cut and folded into a variety of sizes and shapes. Shipping boxes, pizza delivery boxes, retail packaging, and other uses for corrugated boxes are all possible. According to the data published by the National Center for Biotechnology Information, in the US, corrugated boxes are used for the shipment of almost 95% of all goods. In the US, about half of all recycled paper is made of corrugated paperboard. The global packaging market size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.
Boosting Corrugated Boxes Trends
- Emerging market for corrugated boxes is expected to drive the growth of the global corrugated boxes market over the forecast period.
- The key players operating in the market are focused on adopting inorganic growth strategies like merger to expand the manufacturing capacity of the corrugated boxes which is expected to drive the growth of the market over the forecast period.
- Increasing regulatory support is estimated to drive the growth of the market over the forecast period.
- Increasing focus on cost reduction and production efficiency can drive the specialty market growth further.
- Increasing in adoption of the advanced technology for the production of corrugated boxes machinery is estimated to drive the growth of the global corrugated boxes market in the near future.
- Increasing launch of the new policy by the government to support packaging industry is expected to drive the growth of the market over the forecast period.
- The key players operating in the market are focused on geographic expansion and launching their brand and shipment facility in other countries which is expected to drive the growth of the global corrugated boxes market in the near future.
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